The Annual Report on Form 10-K/A is an amendment solely to include KPMG's audit opinion on the financial statements, which was previously omitted. The Trust's Net Asset Value (NAV) increased by 282.11% to $5,430,232,445 at December 31, 2025, from $1,421,124,141 at December 31, 2024. Outstanding Shares rose from 51,500,000 to 79,250,000 during the year, with 37,750,000 Shares created and 10,000,000 Shares redeemed. The spot price of silver surged by 149.01% to $71.99 per ounce at December 31, 2025, from $28.91 at December 31, 2024. NAV per Share increased by 148.35% to $68.52 at December 31, 2025, from $27.59 at December 31, 2024. The increase in net assets from operations for the year ended December 31, 2025, was $2,836,673,963. Realized gains on silver transferred to pay expenses totaled $1,960,662, and realized gains on silver distributed for redemptions were $194,526,844. The change in unrealized gain on investment in silver was $2,647,484,343. The Sponsor's Fee, net of a voluntary waiver, was $7,297,886 for the year, representing an annualized rate of 0.30% of the Trust's Adjusted Net Asset Value (ANAV).